Hey everyone!
I’m seeking some help regarding my auto loan. I may be misunderstanding something, but would greatly appreciate any insight!
I just made a payment on my auto loan. The payment was due 6/24, so I paid it on 6/22.
I now only have one payment left (finally!). My auto loan is through Wells Fargo and I’m a bit confused by what my final payment shows in the app.
It says my final payment due on July 24th is $307.53. I’m aware with interest that it may be a little more than this. What I’m not understanding is the “Past due amount: $316.71.” I’ve never missed a payment and have always paid a little extra. So, I’m really confused by this. I thought it may be my previous statement’s amount due, but I checked the auto loan statement and it was $318.89…so that’s not it.
Since I can’t post a screenshot, here’s what it looks like in the app:
Balance Details Final payment due on 07/24/2023: $307.57 Principal and interest: $316.71 Late fees: $0.00 Past due amount: $316.71 Last payment received 06/22/2023: $325.80 Outstanding principal balance: $307.53
Am I missing something? I’ll end up calling when they open if I can’t figure it out in the next few hours.
Thanks in advance!!
Submitted June 24, 2023 at 03:51AM by TravelNerd4Life https://ift.tt/923yOIY
